Drilling Update
May 19 2008 - 9:17AM
UK Regulatory
RNS Number : 7090U
Kiwara PLC
19 May 2008
JSE - KWR
AIM - KIW
ISIN - GB0007702953
19 May 2008
Kiwara plc
('Kiwara' or the 'Company')
Drilling Update -Kawanga Uranium Target
The board of Kiwara, the Zambian based mining exploration Company, is pleased to announce the results of its preliminary drilling
programme on the Kawanga uranium target situated within Prospecting licence 267, its exploration property.
Highlights:
* Drill programme intercepts uranium at potentially viable grades in four drill holes which confirms historic findings
* Most significant intersection assayed is 0.87% U308 over 1m
* Result provides confidence to conduct further exploration
Uranium Drilling Update:
The Company has completed a preliminary drilling programme to test a radioactive anomaly and to verify historic exploration for uranium
at Kawanga. Drilling results confirm that the mineralization occurs in at least two zones, one of which may appear to measure some 700x550m
and which may be up to 6m thick.
The mineralization has been found within, and at the contact between the Muscovite Schist and the Biotite Schist, which the Company
correlates as the contact between Lower and Upper Roan series.
The mineralised intersections from the Kawanga UraniumTarget:
Drillhole Depth (m) Intersection(m) %U3O8 Drilling Method
WR8 105 1 0.87 RC
WR11 123 1 0.51 RC
WR12 58 6 0.118 RC
W2 224 0.22 0.11 Core
RC= Reverse Circulation drilling
WR12 includes a 1m intersection from 63m that assayed 0.32% U308
These positive results will enable the Company to finalise a follow-up programme to delineate the Kawanga target and also to develop an
exploration signature to apply to other regional uranium targets identified within the licence area.
The Kawanga Uranium target was identified by AGIP in the 1970's and was drilled extensively. Unfortunately, whilst it has been
documented as a prospective uranium target no original drill or assay data is currently available. The Company therefore is required to
conduct its own drill programmes in order to ascertain size and grade of the target area in order to develop a resource.
The assays of the samples from these drill holes were carried out by Alfred H. Knight of Merseyside, England, an internationally
accredited laboratory (SANAS,UKAS,QMS) using ICP analysis.
Peter Vivian-Neal (CEO): 'These results are very encouraging and confirm previous statements as to the uranium potential of the licence
area. The Company will embark upon a further work programme with the intention of delineating resource, both at Kawanga and other locations
within the licence area'
About Kiwara:
Kiwara is a mining, exploration and development company with a focus on copper, nickel, cobalt and uranium with a specific focus on the
Republic of Zambia, a country which together with the Democratic Republic of Congo hosts Africa's largest and potentially one of the world's
most productive mineralized zones, the Copperbelt.
Kiwara through its subsidiary holds Prospecting Licence 267 which covers a significant portion of the Kabompo Dome in North Western
Zambia, a complex poly-metallic geological feature (created by upward thrust of the basement granites through the more recent sedimentary
rocks). This is within the area considered to be the western extension of the Copperbelt, an increasingly significant mining area that
contains the new Kansanshi and Lumwana copper mines.
For further information, please contact:
Kiwara Plc
Colin Bird, Chairman Tel: +44 (0)207 581 4477
Peter Vivian-Neal, Chief Executive Officer Tel: +260 (0) 211 293899
Investec Bank, Johannesburg
Robert Smith Tel: +27 (0) 11 286 7326
Investec Bank (UK) Limited
Gerard Kisbey-Green / Jan Bosch Tel: +44 (0) 20 7597 5000
Bishopsgate Communications Ltd
Nick Rome Tel: +44 (0)20 7562 3366
This information is provided by RNS
The company news service from the London Stock Exchange
END
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